Consumer Products

Herbalife shares swing to loss on Illinois probe

SAN FRANCISCO (MarketWatch) -- Shares of Herbalife Ltd.
HLF, -0.19%
swung to a loss Thursday following reports of a probe into the company from the Illinois Attorney General. Herbalife shares, which had been up as much as 2.7% on the day, swung to a loss and were trading down as much as 2% following the news. In recent trading, shares were down 0.4% at $55.06. Shares started sliding after CNBC reported Illinois Attorney General Lisa Madigan was launching a probe into the nutritional supplements company following about a dozen complaints. A spokesman for the attorney general confirmed that the investigation was underway. Shares of Herbalife are down more than 30% for the year and have taken a hit following probes from New York Attorney General Eric Schneiderman and the Federal Bureau of Investigations.

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